Ask Entrepreneur - Starting a Business

What's in a name?

If you are in business for government contracting, is it necessary to include those words in your business name?
Roy Williams

What's in a name?

If you are in business for government contracting, is it necessary to include those words in your business name?
Pattie Simone

What's in a name?

If you are in business for government contracting, is it necessary to include those words in your business name?
Paige Arnof-Fenn

I'm starting a business with an investor. If I have the knowledge and he has all the capital, what is a fair percentage of ownership for both of us?

I have 20 years experience in the industry and currently run a similar company. I have an investor that is willing to back the complete project. The investor is willing to purchase the building and put up 100% of the capital. I would run the day to day details. What percent of ownership is realistic.
Rosalind Resnick

How do I figure projections for a start up business?

I need to come up with 3 year projections for a coffee shop in my area of Ashtabula, Ohio for a bank loan. There are only 2 others in town in none busy areas. Mine will be in the busiest area of town. I have no idea how to project what I will bring in daily. We will sell espresso, flavored coffees, smoothies, muffins, bagels, and a few lunch items. We will be open from 6am to 5pm. Any help would be appreciated.
Pam Newman

What do I do when I have a possible business partner that does not have the skills and knowledge, but has the desire to learn?

My possible partner has moved from Canada to the USA to assist in the startup of the business. He has very little knowledge about business and marketing, but has a deep desire to learn and grow. At this time I'm showing him the ropes and he is not an asset to what we are doing.
Brad Sugars

What do I do when I have a possible business partner that does not have the skills and knowledge, but has the desire to learn?

My possible partner has moved from Canada to the USA to assist in the startup of the business. He has very little knowledge about business and marketing, but has a deep desire to learn and grow. At this time I'm showing him the ropes and he is not an asset to what we are doing.
Tim Berry

What do I do when I have a possible business partner that does not have the skills and knowledge, but has the desire to learn?

My possible partner has moved from Canada to the USA to assist in the startup of the business. He has very little knowledge about business and marketing, but has a deep desire to learn and grow. At this time I'm showing him the ropes and he is not an asset to what we are doing.
Rosalind Resnick

How do I decide whether I should license my product to someone else or manufacture it myself?

I live in West Palm Beach and I have a patent that I am developing. I have a proof of concept prototype but now I need help in deciding whether I should license the product to someone else or manufacture it myself. Both have pros and cons. The patent is pending and I have filed a PCT. I am trying to write a business plan and calculate the cost of a start-up and need some guidence. It is a pet product and contains plastic and some electronics. I think more women will buy it.
Brad Sugars

How do I find a mentor in a small town?

I live in a small town. I really want to be able to go into business for myself. I have a lot of ideas and I'm ready to get out there. I just need a little guidance from someone who has already been there. I live in North Carolina right outside of Charlotte.
Tim Berry

How do I find a mentor in a small town?

I live in a small town. I really want to be able to go into business for myself. I have a lot of ideas and I'm ready to get out there. I just need a little guidance from someone who has already been there. I live in North Carolina right outside of Charlotte.
Brad Sugars

How do I find a mentor in a small town?

I live in a small town. I really want to be able to go into business for myself. I have a lot of ideas and I'm ready to get out there. I just need a little guidance from someone who has already been there. I live in North Carolina right outside of Charlotte.
Rosalind Resnick

How do I take demographics into account while writing a business plan when I don

I am trying to write a business plan but it is hard to write most of it when I don't have a location yet. Demographics are very different in various areas near where I live. What should I do?
Tim Berry